Nigeria - Net taxes on products

Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Nigeria was $6,896,054,000 as of 2014. Over the past 33 years, the value for this indicator has fluctuated between $6,896,054,000 in 2014 and $692,540,600 in 1993.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Nigeria was 1,093,370,000,000 as of 2014. As the graph below shows, over the past 33 years this indicator reached a maximum value of 1,093,370,000,000 in 2014 and a minimum value of 4,112,130,000 in 1981.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year

Value

1981

4,112,130,000

1982

4,589,680,000

1983

4,855,910,000

1984

4,703,810,000

1985

5,633,470,000

1986

5,761,220,000

1987

6,690,090,000

1988

8,855,830,000

1989

11,653,930,000

1990

14,000,280,000

1991

16,931,020,000

1992

22,831,670,000

1993

31,372,090,000

1994

45,693,790,000

1995

75,352,460,000

1996

96,316,980,000

1997

104,652,000,000

1998

107,975,000,000

1999

118,226,000,000

2000

135,205,000,000

2001

184,440,000,000

2002

215,822,000,000

2003

255,615,000,000

2004

262,535,000,000

2005

163,085,000,000

2006

144,982,000,000

2007

283,593,000,000

2008

368,915,000,000

2009

441,818,000,000

2010

857,086,000,000

2011

732,962,000,000

2012

885,695,000,000

2013

917,401,000,000

2014

1,093,370,000,000

Net taxes on products (constant LCU)

The value for Net taxes on products (constant LCU) in Nigeria was 824,673,000,000 as of 2014. As the graph below shows, over the past 33 years this indicator reached a maximum value of 3,321,920,000,000 in 1985 and a minimum value of -3,615,100,000,000 in 2003.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.